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that would have taxed people's money in the bank. gold continues its climb, while oil had a major sell off. the lead engineer at adobe is reportedly leaving for a job at apple. the software company's stock traded in heavy volume after the close on better-than- expected earnings. meanwhile, williams sonoma reports were up 9% in the latest quarter. larry shover of sfg alternatives joins us for a closer look at the trading day. good to have you on the show as always larry. yesterday, the market had a bit of a turnaround. there was a rebound into the close as news was coming in from cyprus. what do you make of that? > > i make of it that i don't think we are making that big of a deal with cyprus. as long as the sovereign debt markets have access to sovereign debt, to the banking system, something like cyprus, although it is a headline risk, it is not a macro risk that we're used to. also, we had a really good housing number yesterday, confirming that our housing recovery is indeed on its way. > we also are ahead of the fed. i know traders will be closely watching for that statement. do you exp
checking in on paychecks: has the payroll tax increase hit the american wallet? in today's cover story, bracing for higher premiums. ways employers are planning to handle your healthcare. plus, home sweet home: why more baby boomers are investing in home ownership later on in life. and, how basketball brackets can help you meet your money goals. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, march 25th. i'm angela miles. in today's first look: time marches on. it's a short week for traders with the market closed for good friday. easter is early this year. stocks ended up last friday as it looks more likely that cyprus will get a bailout from the european union. gold slid 6 dollars, while oil gained $1.43. time will tell with tech giants. apple, google, samsung and now lg are all rumored to be developing smart watches. and cutting a deal: look for bi-partisan legislation to come from the senate that could overturn the tsa's decision to allow knives on planes. congress reportedly has been
, was reportedly looking at real estate opportunities on the island. a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds. his fund released a statement last friday that indicates he has no plans to permanently relocate. survey says... mark zuckerberg is a top ceo. zuckerberg topped glassdoor.com's list of top ceos of 2013. ceos from sap, mckinsey & company, ernst & young and northwestern mutual rounded out the top five. meanwhile, tim cook slipped from the top spot last year to 18th. employees of the companies vote on their ceo, which means facebook employees really "like" their boss. ceo salaries are under scrutiny as recent filings reveal the earnings of the top brass. according to reports, john stumpf of wells fargo is the highest paid head of a major bank. on the heels of rising profits, his compensation package last year was nearly $23 million. in the automotive sector, ford ceo alan mulally took a pay cut but still made more than his peers at gm and chrysler with $21 million. and in a 25-year-long tradition, warren buffett still makes $100,00
will be confiscated in a tax to bail out the country's finances. in our cover story, that's the scene as the mediterranean island of cyprus faces what its president calls "blackmail" for a bailout. *the run on atms in cyprus was sparked by a controversial deal demanded by the european union. in exchange for a $13-billion bailout to the country, a portion of bank deposit accounts from the poorest pensioners to the richest investors would be confiscated. "some of the banks put cash back in the machines, and soon there were lines around them." it's the first time depositers would pay for a bailout - 6.7% on accounts below the equivalent of $130,000, and 9.9% taken from accounts higher than that. the island nation's parliment is poised to approve or reject it. "i can't imagine parliment passing it. it's anyone's guess what parliment will do." cyprus has become a haven for offshore accounts - moody's estimates as much as half of cyprus' bank deposits - $31 billion - are from russia, much of it suspected to be involved in money laundering, leaving ordinary depositers caught in the middle. "
are considering never balancing. that means more debt, fewer jobs, and, frankly, much higher taxes." meanwhile, democrats criticized the bill's lack of funding to healthcare programs. "one of the core elements of the ryan budget plan that gives us real partisan concern is that it doesn't keep our promises to our seniors, to our veterans, to our most vulernable population." the budget has no chance of passing the senate. lawmakers leave capitol hill for a two week recess after today. is this a countdown to bankruptcy? the little island of cyprus, already on financial life support, its banks all closed this week, desperately needs a bail-out. so how do depositors get their money out? line up at the atm and hope it doesn't run out out of cash. the european central bank says if the country cannot reach a bailout deal by monday, then cyprus' banks would be cut off from any more emergency funds. the parliament of cyprus is working on a bill to restructure the country's banking system and allow its 2nd largest bank to open next tuesday. it's a busy season to go public. on thursday aviv priced in at t
checks from the payroll tax increase plus higher prices at the pump. still to come they go with what they know....could a new spin on classic films help generate profits. thats later in movies and money. but first... how an art heist from the 90's is making headlines once again. more on that next with bill moller. this neighborhood sure has changed a lot over the years. you know there was a time when people like me couldn't live here. i'll never forget being told i wasn't welcome in this neighborhood. well i own this building now, the fair housing act made a difference for someone like me. so i can choose where i want to live, free from discrimination. glad you could make it, right this way... the 1990 cunningly executed thefts of 13 works of art from the isabella stewart gardner museum in boston. works by degas, vermeer, manet, rembrandt - the value? they say around a half a billion dollars & the fbi doesn't forget they say they know who did it & expect the case to soon be resolved. let's talk with jonathan sazonoff, you consult on art thefts & have 1 of the largest data bases on th
Search Results 0 to 5 of about 6

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